Today: CHINA Economy News, Aug 31, 2011

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Aug 31, 2011

CHINA Economy News, Aug 31, 2011

Free trade must not be a casualty of the currency wars
Washington Post
A report on the Chinese economy by the Eurasia Group, a consulting firm, notes that “the country's leaders lack the political stomach and sense of the moment to implement a comprehensive and ambitious rebalancing agenda.” Punishing China with tariffs ...
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Philippine president calls on China to boost investments during visit despite ...
Washington Post
By AP, BEIJING — The Philippine president has called on Chinese companies to boost investment in his country during a speech that began a weeklong visit to China. President Benigno Aquino III told the Philippines-China Economic and Trade Forum on ...
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Jobs report will offer little evidence Washington's policies lifting economy
Sun-Sentinel
Simply, dollars sent abroad to purchase oil and consumer goods from China, that do not return to purchase US exports, are lost purchasing power and cannot be spent on US made goods and services. Consequently, the US economy is expanding at less than 1 ...
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China's August Inflation Rate May Ease to 6%, Shenyin Says
San Francisco Chronicle
Producer prices are likely to rise 6.7 percent, a decrease of 0.8 percentage points from last month, according to the report. Shenyin & Wanguo Securities cut China's economic growth forecast for the year to 9.4 percent from 10 percent, citing policy ...
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China/Africa - Development Lessons, 2 [analysis]
Middle East North Africa Financial Network
A new joint report from the International Poverty Reduction Center in China (IPRCC) and the Development Assistance Committee (DAC)of the Organisation for Economic Cooperation and Development, made up of the developed countries, is an index of the ...
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Hong Kong Stocks Gain on Optimism Fed Will Act; Casinos Rise
San Francisco Chronicle
31 (Bloomberg) -- Hong Kong's stocks rose as optimism Federal Reserve policymakers will act to stimulate the world's biggest economy overshadowed a report showing US consumer confidence plunged to the lowest level since 2009. Li & Fung Ltd., a supplier ...
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Fitch Reiterates Warning on China's Banking System
Wall Street Journal
"Chinese banks' long-term ratings are driven entirely by expected state support, and will be revised only upon a perceived change in the ability and/or willingness of the central government to provide support," Fitch said in the report. China's ...
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Will You Follow the Herd or Be a Leader?
Huffington Post (blog)
A new report by the Boston Consulting Group, "Made in America, Again -- Why Manufacturing Will Return to the US, reveals that "China's overwhelming manufacturing cost advantage over the US is shrinking fast." The authors, Harold L. Sirkin, ...
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Report outlines global biodiesel production
Biodiesel Magazine
The report attributes the 2010 surge in biofuel production to high oil prices, a globaleconomic rebound and new laws and mandates that were put in place in Argentina, Brazil, China, the US, and other nations. According to the report, global biodiesel ...
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Biodiesel Magazine
Singapore to Gain as Hong Kong Follows China's Laws on Sovereign Immunity
Bloomberg
Hong Kong was ranked 15th out of 139 countries by a World Economic Forum report for its judicial independence. Singapore was 21st. Both cities, which were former British colonies, were rated as having Asia's best court systems. ...
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BYD planning layoffs in sales, marketing units
China Daily
BYD executives and public relations representatives could not be reached by ChinaDaily on Tuesday. However, Li Yunfei, assistant of general manager of BYD's sales unit, denied the reports on his micro blog and said that the company is just ...
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China Daily
Asia Stocks Swing Between Gain, Loss on U.S. Data; Telecom N.Z. Retreats
Bloomberg
Evans, who also discusses Federal Reserve monetary policy and the US economy, speaks with Susan Li to Bloomberg Television's "First Up." (Source: Bloomberg) Aug. 31 (Bloomberg) -- Jim Antos, an analyst at Mizuho Securities Asia, talks about China's ...
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ADR Report: Wall Street Trades Lower after Economic Data
NewsyStocks.com
Among the biggest gaining ADR's, is a China based men's apparel maker, Zuoan Fashion Ltd. (NYSE: ZA), which was trading higher by 9.89 percent to $3 an ADR on Tuesday. China-based manufacturer of seamless Oil Country Tubular Goods, WSP Holdings Ltd. ...
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Malaysia judgment looms amid Wikileaks furore
The Australian
LABOR'S handling of the global financial crisis has come under fresh scrutiny, with a leaked diplomatic cable revealing a split with the Reserve Bank on the economy's ability to recover on the back of the China boom. (Siobhan Ryan reports) SIX women ...
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Camacho Says Philippines, China `Friendly Neighbor'
Washington Post
Camacho, who also discusses the Philippine economy, speaks from Singapore with John Dawson on Bloomberg Television's "On the Move Asia." (Source: Bloomberg) (/Bloomberg) Correction: Clarification: SuperFan badge holders consistently post smart, ...
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Different Audiences, Different Purposes: The PLA, the Pentagon and Chinese ...
Brookings Institution
Though acknowledging China's economic transformation and the ever wider scope of Chineseeconomic interests, the Pentagon report devotes disproportionate attention to the multiple transitions in China's various service branches, the enhancement of ...
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Deadly Tropical Storm Makes Landfall in China
Voice of America
Authorities say there have been no immediate reports of casualties in China despite the death and destruction caused by Nanmadol in Taiwan and the Philippines. Forecasters expect the storm to linger over the region for the next few days and produce ...
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China to internationalise currency
The Zimbabwe Guardian
Quoting a report authored by Standard Bank Group of China economist Mr Jeremy Stevens, a financial magazine, The Asset, reported that US$100 billion in renminbi-denominated trade by 2015 amounts to more than double the Sino-African trade last year. ...
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The Zimbabwe Guardian
China Shipping Row Creates Wake
Wall Street Journal
China Cosco is under attack for failing to honor the terms of some long-term ship charters. "Charter rates are currently much lower than they were in 2008," Moody's said in its weekly credit outlookreport. "Renegotiation of contracts could set a ...
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High Levels of Foreign Direct Investment Boosting Chinese Energy Sector ...
MarketWatch (press release)
Since 2004, the Chinese economy has exhibited very strong growth and, despite the difficult global trading conditions following the recession, reported reasonable economic expansion in 2010, according to a new report available from ...
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Latam and Caribbean exports forecasted to expand 27% this year, says ECLAC
MercoPress
ECLAC suggests a new alliance between the US of America and the region in order to tackle common challenges and an improved integration to the world economy. Thereport adds there are interesting prospects for cooperation between Europe and the region ...
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MercoPress
China inflation winding down: analysts
MarketWatch
Mizuho Securities' Greater China chief economist Shen Jianguang and Qiao Yongyuan at consultancy CEBM, expected CPI to grow 6.2% in August. The slowdown of the US economy has to some extent subdued the rise of global oil prices, and thus alleviated ...
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Asian Shares Mostly Lower in Cautious Trade
Wall Street Journal
By SHRI NAVARATNAM And GA-WOON PHILIP VAHN SINGAPORE—China shares fell as investors continued to fret about more tightening measures and Japan was flat after a weaker-than-expected industrial production report. Asia Today: India's economy is slowing ...
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Xinde Technology and Its Chairman Receive High Honors and Awards for Business ...
MarketWatch (press release)
In May this year, The China Association for the Promotion of a Credit Economy and The ChinaMarket Credit Management Association bestowed their highest honor on the Company for its efforts to develop standardized credit management procedures and its ...
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China mutual funds cut stocks, plug cash
Indian Express
After being singed by stocks in the latest performance report, China mutual funds cut their recommended exposure to equity to the lowest level in 14 months while suggesting higher bond and cash holdings as growing economic uncertainty dampened risk ...
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Oil continued to push higher to $88.75/bbl
FXstreet.com
Sterling is also under pressure this morning, falling against both the USD and EUR as the Britisheconomy continues to underperform. A report did show that British mortgage approvals unexpectedly increased in July after mortgage rates plunged to ...
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China Stocks to Extend Slump on Inflation Outlook, HSBC Jintrust Fund Says
Bloomberg
Fighting inflation will remain China's top priority in the second half of this year and monetary policy will remain “prudent,” the central bank said in its quarterly report on Aug. 12. Earnings growth forChina's listed companies may slow to 10 percent ...
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Galaxy misses estimates for H1 net profit
Reuters
Concern that global economic woes will affect Macau are warranted say analysts, but most agree that the gaming industry is unlikely to be severely impacted given China's relatively robust economyand the sustained ability of wealthy Chinese gamblers, ...
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Your Next Competitive Advantage
PCWorld
Is any economic indicator being revamped? We're beginning to use IT to track real-time data for inflation. We can use it to gain a much more dynamic picture of what's going on. I would love to see a company give a weekly or daily financial report. ...
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Canada's Remarkable Economic Recovery
The New American
Considering ten components of economic freedom (among them: Business Freedom, Fiscal Freedom and Government Spending), the report ranks countries on the degree to which “individuals are free to work, produce, consume and invest in any way they please, ...
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Philippine Peso Set for Monthly Loss, Bonds Gain as Growth Cools
Bloomberg
Reports yesterday showed consumer confidence in the US and euro zone fell to the lowest in more than two years. China, South Korea, Taiwan, Thailand, Hong Kong, Malaysia and Singapore all reported economic growth for the second quarter that was the ...
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Consumer confidence expected to drop in August
Forbes
By ANNE D'INNOCENZIO , 08.30.11, 06:49 AM EDT Consumer confidence likely dropped in August as worries about the economy fueled the widest stock market swings since the financial meltdown in 2008. The souring mood raises concerns about shoppers' ability ...
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Video: Confronting Water Scarcity & Energy Demand in China
Circle of Blue WaterNews
The good news story is that China has increased its water consumption by only 1 percent a year — 15 percent since 1995, the same years its economy grew eight-fold. And they did this by amassing an enormous amount of technology, public policy, ...
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Liquidity concerns lower stocks
China Daily
SHANGHAI - Stocks on the Chinese mainland fell for a third day on concern that tighter credit will make it harder for smaller companies to borrow money for expansion, thereby curbing their earnings prospects and threatening to further slow the economy. ...
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Busting myths about China's one-child policy
Grist Magazine
There's a complicated mix of drivers behind this trend, as The Economist touches on in a recent cover story, including better education and economic opportunity for women, a shift toward marrying at older ages, and women's reluctance to try to juggle ...
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Australian stock market and companies daily report (August 31, 2011)
Stock Markets Review
European stock markets ended mostly higher on Tuesday, with gains by the financial and basic resources sectors outweighing a weak US consumer-confidence number and an earlier drop ineconomic sentiment for the euro zone. - Base metals closed higher on ...
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Investors See Odds Against Bull Market Making 2012
CNBC.com
“In the absence of such important secular reforms, investors can only hope for quick liquidity fixes that may mask the global economy's underlying injuries and become, as a result, good opportunities to de-risk their portfolios,” he added. ...
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CNBC.com
After much indecision ahead of Bernanke, the market finally reached a conclusion
FXstreet.com
Between now and then a lot of economic data will have been released. In the meantime there will be much speculation on what the Fed means by saying they will use the full range of tools at their disposal to ensure economic growth. ...
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Markets: All Up, Gold Down
IBTimes Canada
That was probably due to the nature of the revisions in the GDP report which were more encouraging for the outlook of the US economy than the headline report suggested. Revised business spending was higher, unsold stocks were lower, personal income and ...
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VIASPACE CEO Provides Business Update in Live Interview on ChartPoppers.com
MarketWatch (press release)
The resulting electricity is clean and provides the ability for economic development. A 30 MW power plant can provide electricity for up to 250000 families in rural China or India. The country does not have to spend its currency to buy foreign coal or ...
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US Growth Outlook Lowered; Dollar General Net Rises
123Jump.com
10:00 AM New York – US indexes traded lower ahead of the consumer confidence report and the minutes of the FOMC meeting held in August. Bank of America agrees to sell its partial stake inChina Construction Bank. US indexes traded lower ahead of the ...
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Shanghai shares drop on jitter about tight ... - China Business News
By CBN
Concerns that China's central bank will not loosen its monetary policy intensified after China's topeconomic planning body, the National Development and Reform Commission, said in a report that the price level in China will remain high amid ...
China business news
China keeps world guessing on yuan plan as it deliberates on the ...
By emmor
Back in 2008, China responded to the global financial crisis by halting the yuan appreciation, and did not reverse course until June 2010, a full year after the US economy officially exited the recession. “This time, Chinese policymakers appear ...
BorneoPost Online | Borneo ,...
China & Asia Meetings Industry Research Report Released | Industry
The results of this year's annual China and Asia Meetings Industry Research Report shows thatChina and Asia offer huge potential for growth in the domestic, regional, international inbound and outbound markets for all types of meetings and events. ... Critically whilst the research showed caution for the year ahead compared to the 2010 survey, reflective of the economic situation worldwide. 52% still predict an increase in the volume of events yet only 27% suggest an increase in...
Global Meetings Industry News
U.S. stock indexes lock in 3% gains - Market Snapshot - MarketWatch
Michael Casey reports China's economy pulled back a bit in early August. ... “ Most don't want to see a straight-up QE3 program, as it would offer nothing new. ...
www.marketwatch.com/.../us-stocks-extend-gains-into-second-...
China economic growth may fall below 9% this year: JPMorgan - PTI -
China's economy has enjoyed a double-digit growth rate for a over a decade now , but it is likely to slump below 9% this ... Quotes; NAVs; News; Messages; People ; Notices; Videos; All ... Like thisstory, share it with millions of investors on M3 ...
www.moneycontrol.com/.../china-economic-growth-may-fall-...
Guyana contingent gets ready for Caribbean-China economic forum in ...
News Top Story Guyana contingent gets ready for Caribbean-China ... the rest of the Caribbean's business community at the 3rd China-Caribbean Economic ...
guyanachronicleonline.com/.../index.php?...
Japan protests over China ships in disputed waters, China Economy ...
Top Stories | Iran pardons 100 "security" prisoners: report ... a recurrence" on an incident last year, he told a regular news conference. ... Latest from Economy ...
en.news.maktoob.com/20090000993888/.../Article.htm

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